It's not fully green-lit at this point. And, if Disney is silly enough to think this is a good idea, they lose respect points right off the top (of Walt's cryogenically frozen head).
This article in the link does not ever mention Pixar; is Pixar Disney's one and only animation movie company?
Question: if this gets made, will the Japanese be as offended by the animated-depiction of Japanese people, as I am of Caucasian people in all current Japanese anime?